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CERTIFICATE

FRM® – FINANCIAL RISK MANAGER

Recognized globally as the leading credential in risk management, the Financial Risk Manager (FRM®) Certification, awarded by the Global Association of Risk Professionals (GARP), represents the highest standard of excellence in the field.

The program equips professionals with the knowledge and practical skills required to identify, assess, measure, and manage financial risk in real-world environments. Earning the FRM® designation positions you to enhance your professional performance, strengthen organizational risk practices, and advance your career in today’s complex and dynamic financial markets.

The FRM® Qualification Process

To earn your Certification, you’ll need to pass two multiple-choice Exams and submit evidence of at least two years of relevant work experience. Once you become certified, you are strongly encouraged to participate in GARP’s Continuing Professional Development (CPD) program to help stay up-to-date with the latest best practices in risk management.

Why Become a FRM Charterholder?

Demonstrate your capability to identify, assess, and manage financial risk in real-world environments, strengthening your long-term career prospects in risk-focused roles.

Build future-ready, transferable risk management skills that enhance performance across industries, functions, and evolving market conditions.

The FRM® Certification is widely recognized by employers as a mark of expertise, increasing your competitiveness for hiring, promotion, and leadership opportunities.

Engage with a global network of risk and finance professionals to exchange insights, collaborate, and stay informed about best practices and market developments.

FRM Exam Dates

There are two multiple-choice Exams that are offered via computer-based testing (CBT). The FRM Exam Part I contains 100 equally weighted questions, and the FRM Exam Part II has 80 equally weighted questions. Candidates are allotted four hours to complete each Exam.

The Exams are comprehensive, practice-oriented assessments that cover the fundamental tools and techniques used in risk management, their underlying theories, and the major sub-areas of risk.

PART I

Exams are offered in May, August, and November.
Year 2026

PART II

Exams are offered in May, August, and November.
Year 2026

FRM Curriculum

The FRM Certification Exams cover the following topics:
PART I

  • Foundations of Risk Management
  • Quantitative Analysis
  • Financial Markets and Products
  • Valuation and Risk Models
PART II

  • Market Risk Measurement and Management
  • Credit Risk Measurement and Management
  • Operational Risk and Resilience
  • Liquidity and Treasury Risk Measurement and Management
  • Risk Management and Investment Management
  • Current Issues in Financial Markets